Wad­hawans’ as­sets found in Dubai, Lon­don

The Times of India (New Delhi edition) - - Times Nation -

New Delhi: The En­force­ment Direc­torate has tracked two undis­closed for­eign prop­er­ties of bank­rupt HDIL pro­mot­ers Rakesh and Sarang Wad­hawan in its probe in PMC Bank money laun­der­ing case. Top sources claimed the ac­cused had laun­dered bank loans to buy these as­sets in Dubai and Lon­don.

The ED will soon is­sue letters roga­tory to au­thor­i­ties in the UAE and the UK to is­sue pro­hibitory or­ders ahead of their at­tach­ment so that the ac­cused can’t dis­pose of the as­sets. ED on Thurs­day also sealed a5-acre bun­ga­low of an HDIL pro­moter.The prop­erty is in Va­sai sub­urb un­der Pal­ghar district of Ma­ha­rash­tra.

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